The 12-member Working Group for preparing Approach Paper for enhancing refining capacity by 2040 will be headed by Additional Secretary in the Oil Ministry and include directors of refineries at Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL).
The government in an earlier meet had decided to put out tender documents on December 22, which may now get delayed because of its decision to float the approach paper first.
The Government today approved the Approach Paper for the 12th Plan (2012-17) which seeks to raise annual economic growth rate to 9% during the five-year period, up from 8.2% estimated in the current Plan.
The Union Cabinet is likely to discuss and approve the 'Approach' document to the 12th Plan (2012-17) tomorrow, which envisages 9% annual economic growth in the five-year period, up from 8.2% estimated in the current Plan.